iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 12-Month High – Time to Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $94.26 and last traded at $94.09, with a volume of 278774 shares traded. The stock had previously closed at $93.49.

iShares Russell Mid-Cap ETF Trading Up 1.1 %

The business has a 50-day moving average price of $89.31 and a 200-day moving average price of $85.09. The firm has a market cap of $39.05 billion, a P/E ratio of 20.27 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in iShares Russell Mid-Cap ETF during the third quarter valued at about $26,000. Paladin Advisory Group LLC bought a new stake in iShares Russell Mid-Cap ETF during the second quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new stake in iShares Russell Mid-Cap ETF during the third quarter valued at about $30,000. Sage Mountain Advisors LLC boosted its position in iShares Russell Mid-Cap ETF by 50.9% during the second quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock valued at $33,000 after purchasing an additional 136 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in iShares Russell Mid-Cap ETF during the third quarter valued at about $41,000.

About iShares Russell Mid-Cap ETF

iShares Russell Mid-Cap ETF (the Fund), formerly iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market.